TraceSafe Inc. (CSE:TSF) said the US Patent and Trademark Office has granted the company a patent for its novel Position Tracking System.
The patented technology enables continuous tracking and monitoring of electronic tags by achieving extremely low power consumption -- reinforcing the company’s expanding intellectual property (IP) portfolio that includes energy-efficient wearables for patient tracking.
TraceSafe noted that conventional position tracking solutions require an elaborate and high-energy infrastructure for the deployment of wearables and other asset-tracking components that have to be frequently recharged.
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The company’s position tracking system helps solve this issue with its patented system to reduce power consumption with controlled degradation in overall system performance such as location accuracy and frequency of location update.
"With stronger environmental regulations and rising demand for solutions aiding sustainable operations, TraceSafe is uniquely positioned to meet the market demand with technology that supports energy efficiency," said TraceSafe CEO Dennis Kwan in a statement.
"The newly added patent and supporting technology can have a large scale impact on the way IoT solutions are deployed in global markets and we are proud to be the pioneers in the segment."
The company added that the Position Tracking System can be successfully implemented to achieve accurate data for various applications across industries, including self-quarantine, contact tracing, patient monitoring, location history tracking, and personnel-asset-usage monitoring.
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